Automated Payment Transaction: tax all financial transfers

I favor the abolishment of personal income taxes, business incomes taxes, and all other forms of tax such that we can eliminate the IRS. The Automated Payment Transaction (APT) Tax vastly expands the range of taxed transactions to include currency
trading and stock trading as well as inter-bank transfers, and drops the effective tax rate down to under 1% for all transactions, split between the buyer and the seller. This encourages savings as well, and ends all loopholes.

Make taxes progressive by taxing currency & stock trades

Q: Do you support or oppose the statement, "Make taxes more progressive"?

A: Strongly Support. HOWEVER, I favor the abolishment of personal income taxes, business incomes taxes, and all other forms of tax such that we can eliminate the
Internal Revenue Service (IRS). The Automated Payment Transaction (APT) Tax vastly expands the range of taxed transactions to include currency trading and stock trading as well as inter-bank transfers.